Suryachakra Power Corporation: Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP) | Value Research

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Suryachakra Power Corporation: Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP)

We wish to inform you that our lender State Bank of India, Kolkatta has filed a petition under Section of IBC 2016 to trigger a Corporate Insolvency Regulation Process (CIRP) against our company i.e. Suryachakra Power Corporation Limited (SPCL) in National Company Law Tribunal (NCLT) Hyderabad vide CP (IB) No: 421/7/HDB/2018 in July 2018 which came up for hearing on 30.08.2018.
After a couple of hearings the NCLT has admitted the above petition and issued its order dated 03.10.2018. A copy of the order dated 03.10.2018 is enclosed herewith for your information which is self-explicit.


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